I signed a promissory not back in April of 2012. My CPA got me to sign it because he billed me over $20,000.00 to resolve a tax audit. I paid my bill down to about $14,000.00 when he persuaded me to sign a promissory note for the balance and make payments to him. I stopped making payments to him after he went to jail and I had to get a new CPA. A couple years later I was audited for the last year he did my return and had to pay my new CPA to handle the audit which resulted with me owing the IRS $18,000 in additional taxes because of the methods my former CPA used in preparing my taxes. Now my former CPA is out of jail and has hired an attorney who has contacted me threatening to sue me if I do not pay the remaining $14,000 from the promissory note. Can anyone give me some advice on how to approach the attorney who has contacted me to collect on the promissory note?
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